During the final day of debate on Wednesday, senior Conservative backbencher Sir Bernard Jenkin called on the government to bring forward a £13.5bn 'summer package' of support amid the cost of living crisis.
The chancellor told MPs he does not believe that windfall taxes are the solution to every problem, but added that if oil and gas giants do not invest their profits back into"growth, job and energy security" then the policy could be introduced.
Mr Halfon referred to oil company bosses as"the new oligarchs" with their"multi-million pound salaries" and"multi-million pound bonuses". Mr Stride added that he would also support a windfall tax as it is a"sensible measure" in the current economic climate.
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